[Marinir] {Disarmed} (TSX-V: MMV) Mineral Mountain Drills 11.40 g/t Gold over 8 Metres incl 17.07 g/t Gold over 5 Metres

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Wed Nov 28 14:28:10 CET 2012


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MINERAL MOUNTAIN ANNOUNCES FIRST HIGH GRADE DRILL RESULTS FROM THE 
BISMARCK MINE, HOLY TERROR PROJECT, SOUTH DAKOTA, USA

HIGHLIGHTS:

INITIAL DRILLING AT BISMARCK MINE CONFIRMS HISTORICAL HIGH GRADE GOLD 
ZONES

HT-12-006: 11.40 G/T (0.33 OZ/T) AU OVER 8.00M INCLUDING 17.07 G/T (0.50 
OZ/T) AU OVER 5.00M

HT-12-003: 10.02 G/T AU (0.29 OZ/T) AU OVER 3.90M

HT-12-002: 4.95 G/T (0.14 OZ/T) AU OVER 10.59M INCLUDING 7.14 G/T (0.21 
OZ/T) AU OVER 4.82M

NEW GOLD HORIZONS IDENTIFIED: HT-12-003: 4.02 G/T (0.12 OZ/T) AU OVER 
10.02M, INCLUDING 6.53 G/T (0.19 OZ/T) AU OVER 1.82M:

PRESENTLY DRILL TESTED TO 120M VERTICAL DEPTH - ZONES REMAIN OPEN

Mineral Mountain Resources Ltd. (TSX-V: MMV

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=MMV&region=C&lookup=symbol&snapshot=default

) (OTCQX: MNRL

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=MNRL&region=U&lookup=symbol&snapshot=default

) and its joint venture partner the Holy Terror Mining Company ("Holy 
Terror Mining") are pleased to announce initial drilling results from 
the ongoing Phase I exploratory and confirmation diamond drilling 
program at the Bismarck Mine at the Holy Terror Project ("HTP") located 
55 kilometres southwest of the formerly producing Homestake Mine in 
South Dakota, USA.

Highlights from the first six drill holes at the Bismarck Mine include 
11.40 g/t (0.33 oz/t) Au over 8.00m including 17.07 g/t (0.50 oz/t) Au 
over 5.00m, 10.02 g/t Au (0.29 oz/t) Au over 3.90m, 5.54 g/t Au (0.16 
oz/t) Au over 6.92m, 4.02 g/t (0.12 oz/t) Au over 10.02m, 4.95 g/t (0.14 
oz/t) Au over 10.59m including 7.14 g/t (0.21 oz/t) Au over 4.82m . 
Length weighted gold composites for all drill hole assays received to 
date are outlined in Table 1.

Discussion of Initial Drill Results

The Phase I diamond drilling program (~3,000m budgeted) is designed to 
not only confirm previous operators historical drill results but also to 
determine the potential for additional high grade gold bearing horizons 
beyond the limits of the known mining. Eleven drill holes totalling 
1,872m were drilled from two setups in the Bismarck Mine area. Gold 
assays for the first six drill holes on Setup 1 (HT-12-001 through 
HT-12-006 inclusive) have been received and are presented in this 
release. Results for the remaining five Bismarck drill holes are 
pending.

Historical drilling by both Homestake Mining Company (1983-1988) and 
Energy Fuels Corporation (1993-1994) in the Bismarck area was directed 
at testing the near surface extension (less than 200m vertical depth) of 
the main Bismarck horizon. However, sampling of the core by both 
companies was sporadic and incomplete. By adopting the in-house policy 
of complete sampling of all Phase I drill core, Mineral Mountain was 
successful in confirming and expanding its predecessor's results as well 
as identifying new gold mineralization including 4.02 G/T (0.12 OZ/T) AU 
OVER 10.02M, INCLUDING 6.53 G/T (0.19 OZ/T) AU OVER 1.82M . The newly 
identified, near surface mineralization occurs in the hanging wall 
approximately 60m northeast of the main Bismarck gold zone and is open 
in all directions. In light of this new information, the larger 
structural corridor that is host to the gold zones at Bismarck is now in 
excess of 80m wide. The true size of this corridor has yet to be 
determined due to the paucity of historical drilling and sampling. 
Additional drill testing of this new target area is being planned for 
Phase II.

Bismarck Mine Overview

The Bismarck Mine is but one of twelve turn of the century past 
producing gold mines within the extensive Holy Terror Project land 
holdings. Based upon historical records, the mine operated 
intermittently from 1904-1907 and ceased production due to lack of water 
for the stamp mill. Mine development includes a 425' shaft, open cut, 
and four levels of which only two shrinkage stopes on the 100' level 
were mined. Gold mineralization at the Bismarck occurs in well-defined 
brittle-ductile shear zones, often close to bodies of intrusive gabbro, 
and, where major fault systems have intersected schistose pelitic 
sediments, conglomerates, and, most importantly sulphide-facies iron 
formation which was a critical host rock for ores at the Homestake Mine.

Exploration Update

Eleven (11) diamond drill holes have been completed at the Bismarck Mine 
area from two drill setups totaling 1,872m. The drill has been relocated 
to the eastern portion of the property and is currently testing the 
Bullion, Keystone and Holy Terror Mines, which occur on three regional, 
parallel gold structures within a 400m wide corridor. The Company 
currently has permits in place from the South Dakota Department of 
Environment and Natural Resources (DENR), to drill 400 diamond drill 
holes.

Commentary

Nelson W. Baker, President and CEO of Mineral Mountain Resources 
comments:

"These first drill results from the Phase I program at the Bismarck Mine 
are truly exciting. Not only did the drilling demonstrate robust grades 
and widths potentially amenable to underground mining methods, but more 
importantly the exceptional exploration potential of the entire gold 
system in the Keystone area which we have just begun to explore. The 
Holy Terror Project, with its numerous former high grade gold producers, 
discontinuous exploration history, incredible infrastructure and 
scarcity of historical drilling is one of the most unique exploration 
opportunities that I have witnessed in my 43 year career. This is only 
the first of four past producing mines that we intend to assess in this 
preliminary round of drilling".

TABLE 1: Length-weighted drill hole gold composites for Bismarck Mine 
Area (Drill Setup 1). Gold assay top cutting has not been applied. Drill 
hole intersections do not represent true widths, there is insufficient 
drilling on these zones to determine the true width of the drill hole 
intercepts at this time.

Drill hole From

(m) To

(m) Core Length

(m) Au

(g/t) Au

(oz/t) Vertical Depth

(m) Comment

HT-12-001 18.41 25.33 6.92 5.54 0.16 18 Bismarck Main Zone

INCLUDING 22.36 25.33 2.97 7.02 0.20 18 Bismarck Main Zone

HT-12-002 15.75 26.34 10.59 4.95 0.14 15 Bismarck Main Zone

INCLUDING 17.07 21.89 4.82 7.14 0.21 15 Bismarck Main Zone

HT-12-003 26.58 30.48 3.90 10.02 0.29 23 Bismarck Main Zone

HT-12-003 35.59 36.76 1.17 4.31 0.13 30 Bismarck Main Zone

HT-12-003 69.37 70.35 0.98 5.15 0.15 57 Bismarck New Horizon

HT-12-003 84.08 85.93 1.85 10.29 0.30 70 Bismarck New Horizon

HT-12-003 102.60 112.62 10.02 4.02 0.12 88 Bismarck New Horizon

INCLUDING 104.60 105.66 1.06 7.46 0.22 86 Bismarck New Horizon

AND 107.70 108.73 1.03 8.24 0.24 89 Bismarck New Horizon

AND 110.80 112.62 1.82 6.53 0.19 92 Bismarck New Horizon

HT-12-003 123.31 124.28 0.97 6.10 0.18 101 Bismarck New Horizon

HT-12-003 143.33 144.32 0.99 5.02 0.15 118 Bismarck New Horizon

HT-12-004 112.22 113.05 0.83 9.71 0.28 77 Bismarck New Horizon

HT-12-005 13.52 21.20 7.68 4.35 0.13 14 Bismarck Main Zone

INCLUDING 13.52 17.00 3.48 6.97 0.20 12 Bismarck Main Zone

HT-12-005 26.80 28.19 1.39 4.93 0.14 22 Bismarck Main Zone

HT-12-006 7.22 15.22 8.00 11.40 0.33 7 Bismarck Main Zone

INCLUDING 7.22 12.22 5.00 17.07 0.50 7 Bismarck Main Zone

INCLUDING 8.22 11.22 3.00 24.00 0.70 7 Bismarck Main Zone

Qualified Persons

The technical information in this news release has been prepared in 
accordance with Canadian regulatory requirements set out in National 
Instrument 43-101 ("NI 43-101") and reviewed and approved by Nelson W. 
Baker, P.Eng. President and CEO of Mineral Mountain Resources Ltd. and a 
Qualified Person. The exploration activities at the Holy Terror Project 
are carried out under the supervision of N. Wally Rayner P. Geo., Vice 
President, Exploration and implemented by Project Manager Kevin Leonard 
P. Geo., both being Qualified Persons for this project.

Quality Control

Drill core samples are transported, handled and stored with chain of 
custody procedures. Core is sawn or split in representative halves with 
one half submitted to the laboratory for analysis and the second half 
saved for archival purposes. Typical core samples are 0.5 to 1.5 m in 
length. Gold (Au) assays are by 30 g fire assay with atomic absorption 
finish with a lower limit of 0.005 ppm and upper limit of 10 ppm. The 48 
element geochemical package, including silver (Ag), uses a 4 acid 
digestion followed by Induced Coupled Plasma with Atomic Emission 
Spectrometry (ICP-AES) and Mass Spectrometry (ICP-MS), when gold values 
are greater than 10 ppm then the sample is re analyzed using fire assay 
with a gravimetric finish. All over limits are also analyzed using the 
screened metallic method.

The laboratory for the Holy Terror Project is ALS located in Reno 
Nevada. ALS is a certified laboratory that used standard reference 
material and duplicate sampling to ensure quality control. Mineral 
Mountain routinely sends a set of 4 blind standards as well as one blank 
sample with every shipment of core. The results of the analysis of the 
standard material are continuously reviewed to ensure quality assurance.

About Mineral Mountain and the Holy Terror Project

Mineral Mountain Resources Ltd., through its wholly owned subsidiary 
Mineral Mountain Resources (SD) Inc., is focused on the exploration and, 
if warranted, development of its key asset, the Holy Terror Project in 
the Keystone Mining district in the southeastern part of the Black Hills 
of South Dakota. The Holy Terror Project is centered along the 
southwestern extension of the Homestake Gold Trend and covers 
approximately 4000 acres straddling a major gold bearing structural 
corridor measuring about 15 km in strike length and 1.5 km in width. The 
Keystone District contains historic gold mines, eight of which occur 
within the Holy Terror Project. Production of these mines came from 
early Proterozoic gold mineralization associated with iron formation, 
and shear zones similar to the deposits at the former Homestake gold 
mine which, over 120 years produced 40 million ounces of gold in the 
northern Black Hills. The Holy Terror Project is very well located near 
Rapid City where it can be easily accessed by a network of roads and has 
hydro-electricity and modern internet services to the drill site. As 
well, the area has a skilled labour force and is a low cost exploration 
area. South Dakota has low political risk and a jurisdiction that 
embraces mineral development.

A technical report prepared by SRK Consulting entitled "Technical Report 
for the Holy Terror Project, South Dakota, USA" dated June 20, 2012 (the 
technical report) is available on the Mineral Mountain website ( 
www.mineralmtn.com

http://www.mineralmtn.com

) or under Mineral Mountain's profile on SEDAR ( www.sedar.com

http://www.sedar.com

).

On Behalf of the Board of Directors

MINERAL MOUNTAIN RESOURCES LTD.

"Nelson W. Baker", President and CEO

For further information, please contact

Brad Baker, Vice-President Corporate Development & Director

(778) 383-3975 bbaker at mineralmtn.com

Or visit our website: www.mineralmtn.com

http://www.mineralmtn.com

Reader Advisory

Neither TSX Venture Exchange nor its Regulation Service Provider (as 
that term is defined in policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed to be 
"forward-looking information" under Canadian securities laws. All 
statements in this release, other than statements of historical facts, 
that address events or developments that the Company expects to occur, 
constitute forward looking-information. Forward looking information 
consists of statements that are not historical facts and are generally, 
but not always, identified by the words "expects", "plans", "could" or 
"should" occur. Although the Company believes the expectations expressed 
in such forward-looking information are based on reasonable assumptions, 
such information does not constitute guarantees of future performance 
and actual results may differ materially from those in forward-looking 
information. Factors that cause the actual results to differ materially 
from those in forward-looking information include gold prices, results 
of exploration and development activities, regulatory changes, defects 
in title, availability of materials and equipment, timeliness of 
government approvals, continued availability of capital and financing 
and general economic, market or business conditions. The Company 
cautions the foregoing list of important factors is not exhaustive. 
Investors and others who base themselves on the Company's 
forward-looking information should carefully consider the above factors 
as well as the uncertainties they represent and the risk they entail. 
The Company believes that the expectations reflected in the 
forward-looking information are reasonable, but no assurance can be 
given that these expectations will prove to be correct. Please see the 
public filings of the Company at www.sedar.com for further information.

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